By Esther Agbo Amid new capital mandates from the Central Bank of Nigeria (CBN), Nigerian banks are ramping up their investment in technology and cybersecurity. Five major financial institutions have outlined plans to allocate a significant portion of their capital-raising…
Access Hold ings, United Bank for Africa (UBA) Plc and Zenith Bank Plc emerged as the three most traded stocks yesterday. According to data on the Nigerian Exchange Group (NGX) website, Access had 504 trades valued at N612,699,517.30. UBA on…
A total of 12 Nigerian banks, including Zenith Bank, Access Bank, and FirstBank, have been recognised as some of the largest banks in Africa for the year 2023. The African Business publication recently released its list of the 100 African…
The National Pension Commission (PenCom) revealed that five Pension Fund Administrators (PFAs) accounted for 64 percent of total registered contributors in the second quarter of 2023. These PFAs include Stanbic IBTC Pension Managers, Access Pensions, ARM Pension Managers, Leadway Pensure,…
The market capitalization of the top five banks in Nigeria (also known as tier-1 banks or FUGAZ) appreciated by 2.49 per cent to close the week at N2.05 trillion. This is as investors in these banks gained a total of…
Deposit Money Banks (DMBs) operating in the country are set to stop further cash disbursements of foreign exchange for personal travel allowance and business travel allowance (PTA/BTA) as a means of stabilising the value of the Naira.These will now only…
By Seun Ibiyemi The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan has said that all Deposit Money Banks (DMBs) in Nigeria, including Polaris Bank are safe and sound. Hassan made the clarification on the sideline of a three-day…
BY Deborah Onatunde The Steam FunFest Conference, a Free Annual Conference and Exhibition, held its third training in Lagos, over the weekend. The Stem FunFest Conference, 2022 is directed at preparing young children from age eight to15 on a journey…
The market capitalisation of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by 1.77% to close at N2.27 trillion as of 24th of June, 2022, as investors in these banks gained a total of N39.44…
Their 1 banks, appreciated by 5.24 per cent to close at N2.57 trillion as at 14th of April, 2022, as investors in these banks gained a total of N127.73 billion during the trading week. After four trading days of the…
